Indices closed down 3.43% to 3.73%....

 Indices closed down.

S&P 500 @ 3271.03, low 3268.89, high 3342.48

RSI @ 35.21

CMF @ -0.066

Internals were :

Down volume led by 8.47 to 1 in NYSE & 2.56 to 1 in Nasdaq

Declining stocks led by 10.05 to 1 in NYSE & 6.17 to 1 in Nasdaq

Net new 52 wk lows were leading by 97 in NYSE & 113 in Nasdaq

VIX UP 20.78% @ 40.28

Oil @ $37.39

Gold @ $1789.20

Canadian $ @ .6676

Portfolio AAL APA CCL AG MGM RUN SU

Stocks which closed green included RUN

SPWR JKS ENPH SEDG FSLR SNOW

DADA SNAP ERI PHM IQ TWLO...

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was in shock when Trump announced that Pandemic is under control and he single handedly did it, so we slumped almost 1000 DOW points and closed @ low of the day. On COVID-19 there is steady news flow of progress in vaccine process. Market was reacting to worldwide concern about shutdown impact on Economic picture, thus a sharp worldwide selloff.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed